William Hill set to close around 700 betting shops with 4,500 staff at risk

William Hill said of its store closure plans: "This follows the Government's decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019.

William Hill set to close around 700 betting shops with 4,500 staff at risk

Around 4,500 jobs are at risk at bookmaker William Hill after it announced plans to axe 700 betting shops across the UK.

The group warned a “large number of redundancies” are expected and it has begun consultation meetings with the 4,500 affected staff.

Shop closures are due to start by the end of the year.

William Hill blamed the closures on the Government’s decision to slash the maximum stake on controversial fixed-odds betting terminals (FOTBs) to £2 in April, which has hammered bookmakers’ sales.

On its store closure plans, the group said:

This follows the Government’s decision to reduce the maximum stake on B2 gaming products to £2 on 1 April 2019.

“Since then the company has seen a significant fall in gaming machine revenues, in line with the guidance given when the Government’s decision was announced in May 2018.”

- Press Association

More in this section

Budget 2022 Logo

What impact will this  year's budget have on you and your business.

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up